Tech Talk for Monday May 13th 2019

May 13 06:05 2019 Print This Article

Pre-opening comments of Monday May 13th

U.S. equity index futures moved lower this morning. S&P 500 futures were down 55 points in pre-opening trade. Index futures responded to a stalemate on trade between the U.S. and China. The Shanghai Composite lost another 1.21% to 2903.71.

Crude oil gained $0.78 to $62.44 after two Saudi oil tankers were attacked near the Strait of Hormuz.

Prudential Financial (PRU $101.27) is expected to open lower after the stock was downgraded to Neutral from Buy.

FedEx (FDX $178.00) and UPS (UPS $100.63) are expected to open lower after Amazon announced expansion of its Delivery Service Partners Program

WestJet (WJA $18.52) is expected to open higher after Onex offered to buy the company at $31 per share. Value of the offer is estimated at $5 billion.

 

EquityClock’s Daily Market Comment

Read More

About Article Author

Timing the Market

Tech Talk is a free stock market letter service offering free daily reports on equity markets, sectors, commodities and exchangetraded funds. The Web site has recently received an average of 1.6 million hits per month from 130 countries.

Related Items

FOMC, EMU PMI, and Pre-G20 Positioning: Crossroads and Crosswinds

The week ahead is likely to provide some clarification for investors on three fronts that have been a source of uncertainty.  The FOMC meeting, with updated forecasts, is center stage.  The credit markets are pushing the Fed to be aggressive but can be disappointed.  In the eurozone, the pre ...

Schedule for Week of June 16, 2019

The key reports this week are May housing starts and existing home sales.For manufacturing, the June New York and Philly Fed manufacturing surveys will be released.The FOMC meets this week, and no change to policy is expected at this meeting.----- Monday, June 17th ----- 8:30 AM: The New York Fed Em ...

Dollar Rallies Ahead of FOMC Meeting; Markets Await Fed Signal for July Cut

Markets are bracing for updates on tactical trade war positioning and central bank rate decisions.  The dollar’s recent rally stemmed on better than expected economic data that could convince Fed officials that the economy is healthy enough and might not require an immediate rate cut.  US stock ...

OANDA Market Insights podcast (episode 69)

OANDA Senior Market Analyst Craig Erlam joins Jazz FM Presenter Jonny Hart to preview the week ahead and reflect on some of the bigger stories this week. On the agenda this week they discuss where the markets stand now, the Fed meeting, oil price spike, UK leadership race, BoE meeting and UK data. ...

Week Ahead: No Runaway Surge Expected; Markets May Continue Exhibiting Negative Bias

In yet another wide-ranging week, the NIFTY oscillated in a 400-point range and ended the week with a modest cut. In our previous weekly note, we had raised concerned about the NIFTY failing to confirming the attempted breakout.  In line with the analysis carried out during the last week, the inde ...

Southern Energy Corp. Announces Closing of Strategic Asset Acquisition in the Southern United States and $8.1 Million Convertible Debenture Financing

CALGARY, June 14, 2019 /CNW Telbec/ – Southern Energy Corp. (“Southern” or the “Company“) (TSXV: SOU) has completed its previously announced acquisition of high quality, low decline natural gas assets (the “Assets“) in the State of Mississippi for cash consideration of US$16.5 million ...

I've Never Seen An Earnings Signal This Bullish

At EarningsBeats.com, we track the best U.S. companies in a "Strong Earnings ChartList." In order for a company to be included in our ChartList, they must do 3 things: (1) Beat quarterly revenue estimates (2) Beat quarterly EPS estimates (3) Look solid technically If a company doesn't m ...

Enzyme Breakthroughs From The Majors

by Jim Lane Three big product announcements just in… DSM (e) breaks through on yield, efficiency with new yeast, enzyme offerings for corn fiber conversion. Novozymes (Copenhagen:NZYM-B; OTC:NVZMY) launches breakthrough techs “Fortiva” and “Innova Force”. DuPont (DD) extends with corn o ...

Commodity Stocks Try To Bounce - Canadian Market Review

After the Canadian market drifted lower through the month of May, the first few days of June have seen a bounce. As the G20 finance people meet in Japan, with promises for more QE and Fed chairman Jay Powell offering up potential rate cuts as the market sits within a few percent of the all time ...

Gold v. Dollar

Gold and the Dollar are natural adversaries. They both represent a store of value. When the Dollar is strong, in comparison to other currencies, gold tends to underperform. Recently the Dollar has been a dominant currency, largely as a result of the strong domestic economy and higher interest rates ...

E3 2019: Biggest Moments

The 25th Annual Electronic Entertainment Expo, or E3, took place at the Los Angeles Convention Centre this week, June 11-13, 2019. In case you didn’t catch the live streams here are the most notable mentions coming out of this year’s event.  Scarlett  Photo: Microsoft Code named Project Scarl ...

Stock Pickers Digest Hotline – Friday, June 14, 2019

BMTC GROUP INC., $13.06, symbol GBT on Toronto, has 36 outlets and is one of Quebec’s biggest retailers of furniture, electronics and appliances. The company mainly sells these items through two chains: Brault & Martineau and Ameublements Tanguay. BMTC has changed its fiscal year end to January 3 ...

Book Bits | 15 June 2019

● Equity Smart Beta and Factor Investing for Practitioners By Khalid Ghayur, et al.Summary via publisher (Wiley) Equity Smart Beta and Factor Investing for Practitioners offers a hands-on guide to the popular investment opportunities of smart beta, which is one of the fastest growing areas within ...